Bears dominate the market, but short-term short-term caution
The total market value of today's market is 273.5 billion US dollars, an increase of 2.3% compared to yesterday. The trading volume was US$71.2 billion, an increase of 22% compared to yesterday.
At the news level, with the strengthening of supervision, a large number of encryption companies are leaving Estonia; a US court sentenced a Russian darknet operator to 9 years in prison; Shandong Port Qingdao Port promotes the digitalization of import delivery through blockchain; Tianjin builds a digital economic industry ecosystem test field ; BTC is expected to increase the mining difficulty to 15.87T in 3 days and 7 hours.
In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 40.
Among the top 100 currencies by market capitalization today, BTC hit the 9,000 mark after the waterfall, causing the market to collectively plunge slightly. All mainstream currencies have experienced a certain decline. Among the mainstream currencies, BCH has the largest decline, with a drop of about 5.5%. About 10% of the altcoins have plunged sharply today. Among the mainstream currencies, only CRO has a 1% increase compared with yesterday, and the altcoin FXC pulled the market, with an increase of more than 23%.
3. Stablecoin Analysis
The USDT OTC Index (USDT OTC Index) reported 99.14 points, down 0.28% in 24 hours. The USDT FTP Index reported 99.93 points, up 0.05% in 24 hours.
Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.
4. Technical Analysis
Daily line
Daily line
BTC lost its support after the 9000 mark was broken. The daily level Bollinger Bands began to open and run along the lower track of the Bollinger Bands. The price rebounded slightly within the 4-hour level, but without the support of trading volume, the market is still bearish.
To sum up, the operation recommends shorting around 9238, with a stop loss of 9515.
ETH: The operation is recommended to be short around 229, with a stop loss price of 235.8.
EOS: It is recommended to operate at 2.43, mainly for short-term short-term, with a stop loss price of 2.5.
LTC: The operation is recommended to be short-term around 42.8, and the stop loss price is 44.1.
BCH: The operation is recommended to be short-term around 233.4, and the stop loss price is 240.5.
